Is bitcoin dangerous ?

[sirkings0003]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

Bitcoin like every other cryptocurrency has its unique solution from those local currencies in various countries. Just like internet has made the world a global village, those local currencies are limiting business transactions across each countries borders. Even when you are given options, they do it at a very costly fee. this is just one challenge of the local currencies. Bitcoin does not want to know where you are residing, so far you have an address it delivers your transfer or payment.

[duongdaiduong]

Bitcoin is really dangerous if you invest in the wrong way but if you are careful then this can be avoided. I think if you have accepted the investment in Bitcoin then you should also accept losing everything with your investment

[chamaraprabhath]

Bitcoin is dangerous some times. Because using bitcoin can be done so many illegal things. because we cant find the sender or receiver. we don't know at least their name some times. But don't only think about the dark side of the bitcoin. it also has a very bright side. you can do your transaction very easily. just imagine that if your friend from japan want to send money through bank how many days will it take? some times one day two day. but if you using bitcoin it will happen very quickly. you are right. there are so many currencies in the world. but no one has a huge demand as bitcoin has today. because it is a good investment.

[bosimpson54]

sure its getting more dangerous every day

You say that Bitcoin is dangerous? Bitcoin is currently endangering others and is reducing the socio-economic situation. But I think Bitcoin is now at risk from external threats such as the lack of investors and bad rumors about Bitcoin.

[kristalgayle]

For me,it’s not dangerous because as I can see a lot of people is involved in this and they are enjoying it.If it is dangerous maybe no one is in here right now.

[Hudadahuda2018]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

The world has a lot of currency provided but most of the people who have different desires, including those who want a currency that more and faster income to the hand including the currency provided by bitcoin.
Talking about bitcoin transactions is easier and faster to arrive, as I know in terms of transactions.

[Niflore]

It can be very dangerous, especially if you don't know what you are doing and spent money you can't afford to lose..

[Granxis]

In fact, the meaning of danger varies, as with everything else, there is a risk in Bitcoin. If the risk means danger, it can be dangerous. But in this case it is dangerous for traffic because there is always the risk of accident. Experienced investors always like to risk.

[Byatt]

no its not but only if you are being careless of handling it like you will lost your private key.  Be a good keeper for all your wallets in Bitcoin.  Be careful for all transactions you are doing.  You are responsible for it.

[BurhanPSG]

If I think people make money from the internet serves as an alternative if later money from a country is in trouble, one example of theft. Digital virtual money like bitcoin is one of the future money that can later be used to overcome the economic problems of a country.

[GARPACHO]

Hi, I do not think so, the btc was created with the main objective of ending the mafia that banks have and other reasons explained above, it is also a great opportunity for investors around the world.

[nyong]

Yes, because bitcoin can have a negative impact on the currency of a country and and make the exchange rate decrease

[Nfp]

Bitcoin is made for people who are open minded with crypto currencies and now a days bitcoin is one of the most reliable and profitable investment that you may do for your whole life. But yes it's maybe dangerous if you act careless in doing any transactions or trading you do and you are the one who are responsible for it. But if you do a lot of careful for every decision you would make, bitcoin is no dangerous at all.

[maaydin]

If you live in a country where e-payments and finance are in the hands of uneducated fools you would understand the value of btc much easier, and banks do get the fees of your profit,it`s painful.

[Blackwhite69]

If I think people make money from the internet serves as an alternative if later money from a country is in trouble, one example of theft. Digital virtual money like bitcoin is one of the future money that can later be used to overcome the economic problems of a country.

Finance is very useful in the future to promote the economy in the country.

[Amajaa]

Depends on how you underatsnd bitcoin but for me nithing is dangerous on bitcoin, its decentralized almost all altcoins can be tradable on bitcoin even our local currencies... It also gives financial freedom no tax to deal.. If there is one thing dangerous in bitcoin is that being hacked easily by expert hacker so be smart enough how to keep your funds online.  

[MathGame]

# bitcoin payment is anoymous
# bitcoin is decentralized
# bitcoin is not issued by any
# nobody can increase total supply of

This all feature make it different than other currencies that exist and more attractive too. It gives financial freedom..

Bitcoin is a digital currency, not a uranium for God's sake... there is nothing dangerous about it. if you don't like it don't buy it.

[Asuspawer09]

I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?

Bitcoin create easy way and transaction. It is not just an ordinary currency but a virtual one. Ot almost unite currency in a the worldwide web and is as fast as it is to do transactions. It is also not under any private sector or government to add some taxes and hold bitcoin so does any corruptions are not available.

[procopiapao]

It depends on you. But most people who are knowledgeable of the process of bitcoin find it not dangerous because the transaction here is transparent and your bitcoin earned is cannot be stolen. But since this is becoming famous for it is good for investment, some of the users use it on bad ways such as scam. But as long as you know the process, you can avoid them.

[2ballsfrog]

This is like saying that the all mighty dollar is dangerous. What do you think?